Indiana Code 27-9-3.1-4. “Contractual right”

Sec. 4. As used in this chapter, “contractual right” includes the following:

(1) A right set forth in a rule, bylaw, or resolution of the governing board of any of the following:

Ask an insurance law question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
Contract: A legal written agreement that becomes binding when signed.
Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5

(A) A derivatives clearing organization (as defined in the federal Commodity Exchange Act (7 U.S.C. 1 et seq.)).

(B) A multilateral clearing organization (as defined in the Federal Deposit Insurance Corporation Improvement Act (12 U.S.C. § 1821)).

(D) A contract market designated under the federal Commodity Exchange Act (7 U.S.C. 1 et seq.).

(E) A derivatives transaction execution facility registered under the federal Commodity Exchange Act (7 U.S.C. 1 et seq.).

(F) A board of trade (as defined in the federal Commodity Exchange Act (7 U.S.C. 1 et seq.)).

(2) A right, regardless of whether evidenced in writing, arising:

(A) under statutory or common law;

(B) under the law merchant; or

As added by P.L.11-2011, SEC.36.